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Bill > HRes780


US HRes780

US HRes780
Providing for consideration of the bill (H.B. 4061) to amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the SIFI designation process, and for other purposes, and providing for consideration of the bill (H.B. 4293) to reform the Comprehensive Capital Analysis and Review process, the Dodd-Frank Act Stress Test process, and for other purposes.


summary

Introduced
03/14/2018
In Committee
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Providing for consideration of the bill (H.B. 4061) to amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the SIFI designation process, and for other purposes, and providing for consideration of the bill (H.B. 4293) to reform the Comprehensive Capital Analysis and Review process, the Dodd-Frank Act Stress Test process, and for other purposes. Sets forth the rule for consideration of the bill (H.B. 4061) to amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the SIFI designation process, and for other purposes, and providing for consideration of the bill (H.B. 4293) to reform the Comprehensive Capital Analysis and Review process, the Dodd-Frank Act Stress Test process.

AI Summary

This Resolution sets forth the rules for considering two bills in the House of Representatives: H.R. 4061 and H.R. 4293. For H.R. 4061, the resolution allows for its consideration, waiving any objections to its consideration and automatically adopting a modified substitute amendment. It also waives objections to the bill's provisions and limits further amendments, allowing only one hour of debate and one motion to recommit. H.R. 4061 aims to improve transparency within the Financial Stability Oversight Council and refine the process for designating Systemically Important Financial Institutions (SIFIs), which are large financial firms whose failure could threaten the entire financial system. Similarly, for H.R. 4293, the resolution permits its consideration, waiving objections and adopting a modified substitute amendment, while also waiving objections to the bill's provisions and limiting further amendments to one hour of debate and one motion to recommit. H.R. 4293 seeks to reform the Comprehensive Capital Analysis and Review (CCAR) process and the Dodd-Frank Act Stress Test process, which are regulatory tools used to assess the financial health of large banks.

Sponsors (1)

Last Action

Motion to reconsider laid on the table Agreed to without objection. (on 03/15/2018)

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